It's almost unanimity, every Brazilian dreams of seeing their bank statement with more than 1 million reais. This bold goal requires planning and strategy, which causes many people to put this dream aside.
Today we are going to show you the steps on how to invest to join 1 million reais, a bold goal that, if organized, is not impossible to achieve. If you think that the only way to become a millionaire is to win the lottery or inherit a fortune, know that there are other ways besides these.
Before wanting to join your first million, you need to be aware of some factors, they are: don't have debts, and if you do, better settle them before starting this journey; try to have a simpler life, without so many financial extravagances; diversify your investments, making different investments, be consistent and disciplined to invest your money.
How to collect 1 million reais?
To achieve this goal, you must invest an amount every month, no matter if you are a CLT or self-employed, separate a monthly amount and be sure to invest the separate amount.
Do not wait for the end of the month to apply your money, as soon as you receive your salary, separate the application amount and invest it. Here comes the relevant part, because you will have to find an application to invest your money so that, over time, this invested money starts to work for you.
In the financial and investment market you will find several investment options and the important thing is to define which one is in accordance with your investor profile and which application will meet your goals.
Main investment options
Savings: It is the most traditional and well-known application among Brazilians, however it is the one with the worst returns in the financial market. Countless specialists do not even indicate savings as an application.
Direct Treasury: direct treasury has better yields than savings and also greater security. To invest in direct treasury, you will need to have an account at a stockbroker, after that, you will define which Treasury bond that meets your desires. Direct treasury bonds are separated into three groups: selic treasury, prefixed treasury, IPCA treasury, and each of them has defined characteristics.
By clicking on the highlighted link you access the Treasury Direct official website and makes your application simulations.
Stock Exchange: Investing in the stock market is the fastest way for you to reach your goal of becoming become a millionaire. But it is necessary to study the modus operandi of how to invest in the stock market and today on the internet you can find countless videos and online courses teaching how to operate in the stock market.
To invest in the stock market, it is very important to study the movement of the financial market and know which companies and stocks are having better valuations. It is also worth noting that it is a riskier investment because the value of shares changes according to the dynamics of the financial and political market as well, in addition to other factors.
An important tip is never to invest the entire amount in just one stock or one application, the most recommended thing is to diversify your investment portfolio. Even if they are small amounts, it is worth investing an amount in direct treasury, in addition to shares on the stock exchange.
Avoid the life of scarcity – everything must be calibrated
Having a million reais in your bank account is a dream of millions of Brazilians, this is an undertaking that requires planning, control and discipline. Analyzing your investor profile – conservative, moderate or bold – you will know which applications are most recommended for you, according to your profile.
However, on your journey to be a millionaire, it is not worth going through necessities. You can perfectly have an afternoon coffee in a nice cafe, or go for a walk as long as everything is planned and organized. It's no use having money in your account and becoming a greedy person, do you agree?
Living in scarcity, going through privations or needs, simply for the purpose of becoming a millionaire does not make sense and this is not the proposal of studies that work with financial prosperity, remember to program and enjoy life too.
And if you are in debt and would like to know how to get rid of financial debts, see the article we made about where to get bad debt loans, clear your name and start your journey in search of your 1 million reais. Good luck.
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